Crossing the rivers by feeling the stones: the effect of China's green credit policy on manufacturing firms' carbon emission intensity

CC Lee, YF Chang, EZ Wang - Energy Economics, 2022 - Elsevier
To combat environmental exacerbation and energy overuse, the Chinese government
issued the Opinions on Implementing Environmental Protection Policies and Regulations to …

Challenges and trends in sustainable corporate finance: A bibliometric systematic review

TD Bui, MH Ali, FM Tsai, M Iranmanesh… - Journal of Risk and …, 2020 - mdpi.com
Sustainable corporate finance is an attractive field of study in sustainability literature;
however, the literature lacks systematic bibliometric analysis that provides a comprehensive …

The impact of commercial bank branch expansion on energy efficiency: Micro evidence from China

EZ Wang, CC Lee - China Economic Review, 2023 - Elsevier
The debate has long prevailed as to whether the financial sectors can enhance energy
efficiency. We attempt to provide new insight into this debate from the perspective of …

Corporate finance, industrial organization, and organizational economics

G Sertsios - Journal of Corporate Finance, 2020 - Elsevier
In the last 35 years, research at the intersection of corporate finance, industrial organization,
and organizational economics has grown substantially. This paper reviews work that …

[HTML][HTML] Mandatory CSR expenditure and stock market liquidity

PP Roy, S Rao, M Zhu - Journal of Corporate Finance, 2022 - Elsevier
We investigate the nexus between corporate social responsibility (CSR) and firms' stock
market liquidity. Using actual firm-level CSR expenditure data and a quasi-natural …

[HTML][HTML] Does bankruptcy law improve the fate of distressed firms? The role of credit channels

U Bose, S Filomeni, S Mallick - Journal of Corporate Finance, 2021 - Elsevier
Growing financial failure at firm-level can have serious consequences for banks in terms of
rising non-performing assets, in the absence of a strong bankruptcy system. Such a scenario …

Economic policy uncertainty and leverage dynamics: Evidence from an emerging economy

Y Bajaj, S Kashiramka, S Singh - International Review of Financial Analysis, 2021 - Elsevier
We test capital structure adjustments under dynamic trade-off theory using the standard
partial adjustment framework, in light of long-and short-run economic policy uncertainties …

[HTML][HTML] Mandatory corporate social responsibility and foreign institutional investor preferences

A Marshall, S Rao, PP Roy, C Thapa - Journal of Corporate Finance, 2022 - Elsevier
This study examines whether the heterogeneity among foreign institutional investors (FIIs)
matters when investing in socially responsible investee firms. Exploiting a mandated …

Green credit policy and investment-cash flow sensitivity: evidence from a quasi-natural experiment

J Zhao, J Huang, F Liu - Finance Research Letters, 2023 - Elsevier
The green credit policy (GCP) in China aims to achieve green development by reducing
credit allocations to heavily polluting enterprises. Using the implementation of the GCP as a …

When rain matters! Investments and value relevance

S Rao, S Koirala, C Thapa, S Neupane - Journal of Corporate Finance, 2022 - Elsevier
We study whether firms, whose operational performance is highly sensitive to rainfall
conditions (rain-sensitive firms), follow differential investment strategies to generate value in …